Bitcoin, Ripple, Ethereum, Bitcoin Cash, EOS, Stellar, Litecoin, Bitcoin SV, Tether, TRON, Cardano, IOTA: Price Analysis, Dec. 24


Bitcoin Price Analysis – BTC/USD

The first largest cryptocurrency- Bitcoin is believed to have gain momentum by attaining the bullish trends with its market cap stands at $73,648,545,226, 03:30 UTC on December 24 declined in current value by 34.43% relative to the level of November 07 but soaring high by 30.6% compared to December 16 as interpreted from the graph above. Let us not forget that the major causes for the decline in current value relative to November 07 were, of course, the competitive pressure, the bearish moments, and macro factors from around the world. The ‘descending channel’ represents the fact that how the current scenario experienced ‘downtrend’ in value. Since the 20-day EMA traded below the current value, it signifies the bullish trend and will continue to the extent that the current price keeps traded above the EMA. The current value has “uptrend” in the market. Both moving averages continue to fall besides ‘Uptrend” in current value, the 14-day RSI has been forming a “positive divergence” for the past few days. This is a bullish sign. Now let me walk you through certain milestone that this cryptocurrency attained in the recent past. The BTC/USD pair remained range bound from September 09 to October 15 this year, as the cryptocurrency rallied from a low of $6182 to a high of $7790 which is a 26 percent return within 36 days. Based on the current trend, the next support level could be $4290.

Ripple Price Analysis – XRP/USD

XRP/USD

The second largest cryptocurrency- Ripple is believed to have gained in value by creating “uptrend” as interpreted from the graph above. The current market cap stands at $15,868,685,009, 03:30 UTC on December 24 experienced a dip in current value by 23.2% relative to the level of November 18 however it has increased by 37.5% compared to December 15 as interpreted from the graph above. The ‘descending channel’ represents the ‘downtrend’ in current value by attaining its erstwhile high level. Since the 20-day EMA traded below the current value, it signifies the bullish trend has been observed and may continue to the extent that the current price keeps traded above the EMA. The XRP/USD pair remained range bound from October 12 to November 06 this year, as the cryptocurrency rallied from a low of $0.381 to a high of $0.569 which is a 49 percent – an extraordinary return within 25 days. Based on the current trend, the next support level could be $0.45.

Ethereum Price Analysis – ETH/USD

ETH/USD

The third largest cryptocurrency- Ethereum having its market cap stands at $15,533,900,124, 03:30 UTC on December 24 slashed in current value by 29.5% relative to the level of November 06, but it has gained a dramatic change by attaining a high level by 80.6% compared to December 16 as interpreted from the graph above. The major causes for the declining in value relative to the November 06 were due to the strong bearish pressure. However, the 20-day EMA traded below the current value signifies the bullish trend and will continue to the extent that the current price keeps traded above the EMA. Let us not forget that even though moving averages continue to fall besides creating “uptrend” in value, the 14-day RSI has been forming a “positive divergence” for the past few days. This is a bullish sign. Besides this, it may expect to be in the “Overbought” zone soon. Now let us talk about the ETH/USD pair where it remained range bound from September 12 to September 21 this year, as the cryptocurrency rallied from a low of $183 to a high of $253 which is a 38 percent return within nine days. Based on the current trend, the next support level could be $153.

Bitcoin Cash Price Analysis-BCH/USD

BCH/USD

The fourth largest cryptocurrency – Bitcoin Cash which is traded with its current market cap $3,603,062,652, 03:30 UTC on December 24 declined in current value by 67% relative to the level of November 06, but it has soared high by 162% compared to December 15 as interpreted from the graph above as explained from the chart above, the ‘Triangle representing the highly volatile scenario” in the recent past. However, at present, the currency is believed to have offered an excellent return as the 20-day EMA traded below the current value, which is a good sign as the bullish trend has arrived finally. Let us talk about the BCH/USD pair where it remained range bound from September 17 to September 26 this year, as the cryptocurrency rallied from a low of $419 to a high of $583 which is a 39 percent return within nine days. Based on the current trend, the next support level could be $215.

EOS Price Analysis – EOS/USD

EOS/USD

The fifth largest cryptocurrency- EOS having its market cap stands at $2,704,018,882, 03:30 UTC on December 24 dipped in current value by 47% relative to the level of November 06, but finally the bullish trends have reflected in the market where it has increased by 74% compared to December 07 as interpreted from the graph above. The ‘descending channel’ elaborates more about the pricing mechanism as to how this currency attained its all-time high and then experienced downtrend. However, the current ‘Uptrend” in value where the 20-day EMA traded below the current value, it signifies the bullish trend and will continue to the extent that the current price keeps traded above the EMA. Both moving averages continue to fall besides the current “uptrend” in value, and the 14-day RSI has been forming a “positive divergence” for the past few days. This is a bullish sign. The EOS remained range bound from October 11 to October 15 this year, as the cryptocurrency rallied from a low of $5.06 to a high of $6.07 which is a 19.9 percent return within four days. Based on the current trend, the next support level could be $3.15.

Stellar Price Analysis – XLM/USD

XLM/USD

Stellar – the sixth largest cryptocurrency by the market cap which stands at $2,544,126,731, 03:30 UTC on December 24 dipped in current value by 51% relative to the level of November 11, but it experienced gain in value by 40% compared to December 16 as interpreted from the graph above. The strong bearish pressure is believed to have affected the value since its November 11 level. The 20-day EMA traded below the current value, and it elaborates the bullish trend which may continue to the extent that the current price keeps traded above the EMA. Now let me walk you through certain milestone that this cryptocurrency attained in the recent past. The XLM remained range bound from October 30 to November 11 this year, as the cryptocurrency rallied from a low of $0.2250 to a high of $0.2788 which is a 23.9 percent return within 12 days. Based on the current trend, the next support level could be $0.145.

Litecoin Price Analysis – LTC/USD

LTC/USD

Litecoin is believed to be the seventh largest cryptocurrency by the market cap which stands at $2,127,988,559, 03:30 UTC on December 24 dropped in current value by 36.8% relative to the level of November 06, but nowadays it started gaining in value by 59% compared to December 13 as interpreted from the graph above. Those that long awaited to buy this currency this is the right time to buy and trade with this asset as it is in “uptrend” territory now. Since the 20-day EMA traded below the current value, it signifies the bullish trend and will continue to the extent that the current price keeps traded above the EMA. The LTC/USD pair remained range bound from September 12 to September 27 this year, as the cryptocurrency rallied from a low of $51.59 to a high of $65.59 which is a 27 percent return within 15 days. Based on the current trend, the next support level could be $38.

Bitcoin SV Price Analysis – BSV/USD

BSV/USD

The eighth largest cryptocurrency- Bitcoin SV having its market cap stands at the level of $1,927,025,342, 03:30 UTC on December 24 slashed in current value by 17.85% relative to the level of November 17, but it has soared high by 64% compared to December 15 as interpreted from the graph above. The current “uptrend” in value signifies that the long position can be created to the extent that the present value traded above the 20-day EMA. The BSV/USD pair remained range bound from December 16 to December 20 this year, as the cryptocurrency rallied from a low of $69 to a high of $126 which is an 82.6 percent – an extraordinary return within four days. Based on the current trend, the next support level could be $115.

Tether Price Analysis – USDT/USD

USDT/USD

Tether, the ninth largest cryptocurrency by the market cap which stands at the level of $1,894,964,501, 03:30 UTC on December 24 soared high by 4.46% compared to December 05 as interpreted from the graph above. Since both moving averages including 20-day EMA traded below the current value, it represents the fruitful scenario as the bullish trend has created and may continue for some time. It seems that the correction has taken place which has been beneficial for most of all assets classes. Let us talk about the USDT/USD pair where it remained range bound from December 14 to December 24 this year, as the cryptocurrency rallied from a low of $1.016 to a high of $1.0505 which is a 3.39 percent return within ten days. Based on the current trend, the next support level could be $1.040.

Tron Price Analysis – TRX/USD

TRX/USD

The tenth largest cryptocurrency- Tron is supposedly the best altcoin today as the “overbought” territory as represented by the 14-day RSI signifies the bullish trend. Tron with its current market cap stands at $1,466,345,854, 03:30 UTC on December 24 declined in current value by 8.4% relative to the level of November 06, but it has soared high by 76% compared to December 16 as interpreted from the graph above. Amid this, the ‘boat’ like trends represents the fact that how dramatically the assets traded since mid-November. Since both moving averages including 20-day EMA traded below the current value, it signifies the bullish trend and will continue to the extent that the current price keeps traded above the EMA. Now let me walk you through certain milestone that this cryptocurrency attained in the recent past. The TRX remained range bound from September 27 to October 15 this year, as the cryptocurrency rallied from a low of $0.021 to a high of $0.0281 which is a 33.8 percent – an extraordinary return within 18 days. Based on the current trend, the next support level could be $0.025.

Cardano Price Analysis – ADA/USD

ADA/USD

Cardano – the eleventh largest cryptocurrency having its market cap stands at $1,208,960,240, 03:30 UTC on December 24 slashed current value by 36% relative to the level of November 12, however it is believed to have increased by 81% compared to December 15 as interpreted from the graph above. The ‘descending channel’ represents the fact that how the current scenario experienced ‘downtrend’ in value. With this, both moving averages traded below the current value which is a good sign as the bullish trend has been created and may continue. Since both moving averages continue to fall besides the ‘uptrend’ in value, the 14-day RSI has been forming a “positive divergence” for the past few days. This is a bullish sign. The ADA remained range bound from October 12 to November 05 this year, as the cryptocurrency rallied from a low of $0.069 to a high of $0.0822 which is a 19 percent return within 24 days. Based on the current trend, the next support level could be $0.050.

IOTA Price Analysis – MIOTA/USD

MIOTA/USD

IOTA, the twelfth largest cryptocurrency with its market cap stands at $1,053,909,837, 03:30 UTC on December 24 dropped in current value by 57% relative to the level of November 12, but it has soared high by 80% compared to December 14 as interpreted from the graph above. The drop in value due to the strong bearish pressure that has been experienced already. However, at present, the 20-day EMA traded below the current value representing the bullish sign, and it will continue to the extent that the current price keeps traded above the EMA. Now let me walk you through certain milestone that this cryptocurrency attained in the recent past. The MIOTA/USD pair remained range bound from August 16 to August 27 this year, as the cryptocurrency rallied from a low of $0.44 to a high of $0.79 which is a 79.5 percent – an extraordinary return within 11 days. Based on the current trend, the next support level could be $0.040.



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